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Oracle will announce its Q1 revenue and profit numbers after market close on Wednesday. There’s more than a little excitement about what might be revealed, specifically if the company can continue its rise, thanks to its cloud products. The anticipated answer is yes, for a number of reasons, but there’s also potential for a surprise. First the surprise. The company so far has been posting great numbers for its cloud products, including SaaS, PaaS and IaaS, but it has been careful to note that the improvement was coming from net new business.

A drone was spotted flying close to a United Airlines passenger jet near Newark’s international airport on Sunday. It’s the latest in a string of incidents involving drone flights in restricted areas around airports

Fitbit, the leader in the wearables category, is close to an agreement to buy struggling smartwatch maker Pebble for up to $40 million, in a move to gain the firm’s intellectual property and software. The negotiations follow several months of financial turmoil at Pebble, which reportedly slashed its workforce by 25 percent in March and has rebuffed several prior offers to be acquired. It’s rumored that Pebble CEO Eric Migicovsky turned down Citizen’s $740 million acquisition offer, as well as a $70 million bid from Intel.

Twitter appears close to slashing another 300 jobs, or about 8 percent of its workforce, as it works to recover from a failed round of acquisition talks with several suitors. The job cuts likely would be in sales. Twitter might be taking steps to make itself look more attractive to investors in preparation for its third-quarter earnings report later this week, which is expected to disappoint once again. “Twitter was a challenged company before it was put into play by takeover suitors,” said Tim Mulligan, senior analyst at Midia Research.

Verizon reportedly is close to a deal to buy the core Web assets of Yahoo for $5 billion, which would end a months-long process of jockeying over the future of the struggling company. Verizon emerged as the winner of a lengthy bidding contest to acquire the assets, according to reports that surfaced Friday. An agreement is expected early next week. The deal itself could take six to nine months to finalize. The acquisition price is rumored to be $5 billion. The deal would include real estate but not the company’s intellectual property portfolio.

Intel’s latest BIOS updates will close a loophole in Skylake overclocking that allowed non-K processors to hit much higher clock speeds. If you’re using that kind of configuration, you may not want to update your BIOS at all.

Home defense and close quarters capable … two concerns on the minds of many Americans in light of recent events. SHOT Show featured a range of new options for consumers looking for an answer – and one that meets rigorous law enforcement and military standards.

Apple is paying close attention to the possibility of Time Warner — or parts of it — going up for sale, potentially with the intent of buying assets to help launch a streaming TV service, according to rumors.

Groupon on Tuesday announced plans to cut 1,100 jobs and close operations in seven countries and said it has filed a statement with the Securities and Exchange Commission to that effect. The biggest cuts will hit its customer service and international deals centers, as the company regroups to leverage new efficiencies.
The restructuring will be “substantially complete by September 2016,” the company stated in its SEC brief. Groupon anticipates related charges of $35 million, with $22 million to $24 million arriving in the third quarter.